Loop Media, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2023
December 12, 2023 at 04:15 pm EST
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Loop Media, Inc. reported earnings results for the fourth quarter and full year ended September 30, 2023. For the fourth quarter, the company reported sales was USD 5.69 million compared to USD 12.17 million a year ago. Net loss was USD 9.01 million compared to USD 14.6 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.28 a year ago.
For the full year, sales was USD 31.64 million compared to USD 30.83 million a year ago. Net loss was USD 31.96 million compared to USD 29.48 million a year ago. Basic loss per share from continuing operations was USD 0.56 compared to USD 0.61 a year ago.
Loop Media, Inc. is a multichannel digital video platform media company that uses marketing technology to offer its services. Its technology and library of videos and licensed content enables it to curate and distribute short-form videos to out-of-home (OOH) dining, hospitality, retail, convenience stores and other locations and venues to enable them to inform, entertain and engage their customers. Its technology provides third-party advertisers with a targeted marketing and promotional tool for their products and services and, in certain instances, allows it to measure the number of potential viewers of such advertising and promotional materials. It distributes its content and advertising inventory to digital screens located in OOH locations primarily through its owned and operated platform of Loop Media-designed small-box streaming Android media players (Loop Players) and legacy ScreenPlay computers, and through screens on digital platforms owned and operated by third parties.
LOOP MEDIA, INC. 
